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The company was formed as GE Seaco in 1998 as a joint venture between General Electric and Sea Containers.Sea Containers filed for Chapter 11 bankruptcy protection in 2006, and its interests including the stake in GE Seaco were transferred to a new company, Seaco Ltd. Seaco Ltd sold GE Seaco, renamed Seaco Srl, to HNA Group in 2011.
In May 2011, the firm acquired about 171,000 TEU of containers and related lease rights and working capital ($174 million) that it has been managing for Buss Global since 2006. [ 7 ] In December, 2012, TGHL acquired a 50.1% interest in TAP Funding Ltd. for about $78 million, with many types of container (dry freight, refrigerated). [ 8 ]
SeaCube Container Leasing (NYS: BOX) reported earnings on May 7. Here are the numbers you need to know. The 10-second takeawayFor the quarter ended March 31 (Q1), SeaCube Container Leasing met ...
On 11 February 2009, the remaining maritime container interests of Sea Containers were transferred to a new company, SeaCo Ltd, while the remainder of the group proceeded to be wound down and liquidated. The major shareholders in the new company were the bondholders of the former Sea Containers Ltd and two of the group's UK pension funds. [19]
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The company's fleet included 7.1 million TEU containers, open tops, flat racks, generator sets and chassis. [1] When TAL International and Triton Container International merged in July 2016, [2] [3] Triton International became the largest container leasing company with a market share of 26%. TAL International's then-CEO Brian Sondey went on to ...
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